Federated Equity Correlations

FDERX Fund

USD 21.09 0.07 0.33%

The current 90-days correlation between Federated Equity Income and Locorr Market Trend is 0.08 (i.e., Significant diversification). The correlation of Federated Equity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Federated Equity Correlation With Market

Very poor diversification

The correlation between Federated Equity Income and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Equity Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Federated Equity Income. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in poverty.

Moving together with Federated Mutual Fund

0.85	FSBCX	Federated Global All	Pair Corr
0.82	PIEFX	Pnc Emerging Markets	Pair Corr
0.8	FTIAX	Federated Short Term	Pair Corr
0.61	QALGX	Federated Mdt Large	Pair Corr
0.86	FHBRX	Federated High Income	Pair Corr
0.74	ICBRX	Federated Hermes Int	Pair Corr
0.81	FHCOX	Federated Hermes Con	Pair Corr
0.89	FHESX	Federated Hermes Sdg Potential Growth	Pair Corr
0.89	FHERX	Federated Hermes Sdg Potential Growth	Pair Corr
0.83	FHTIX	Federated High Yield	Pair Corr
0.83	IVFIX	Federated International	Pair Corr
0.87	FMDCX	Federated Mid Cap	Pair Corr
0.86	FMUAX	Federated Muni And	Pair Corr
0.97	LFEIX	Federated Equity Income	Pair Corr
0.88	VVIAX	Vanguard Value Index	Pair Corr
0.93	AWSHX	Washington Mutual	Pair Corr
0.93	WSHCX	Washington Mutual	Pair Corr
0.8	WSHFX	Washington Mutual	Pair Corr
0.91	FWWMX	American Funds Washington	Pair Corr
0.91	FWMMX	American Funds Washington	Pair Corr
0.86	DODGX	Dodge Stock Fund	Pair Corr
0.9	AMFFX	American Mutual	Pair Corr
0.9	AMFCX	American Mutual	Pair Corr
0.73	VSTSX	Vanguard Total Stock	Pair Corr
0.73	VSMPX	Vanguard Total Stock	Pair Corr
0.73	VITSX	Vanguard Total Stock	Pair Corr
0.71	VFFSX	Vanguard 500 Index	Pair Corr
0.71	VFIAX	Vanguard 500 Index	Pair Corr
0.72	VTSAX	Vanguard Total Stock	Pair Corr
0.89	VTSNX	Vanguard Total Inter	Pair Corr
0.89	VTISX	Vanguard Total Inter	Pair Corr
0.89	VTPSX	Vanguard Total Inter	Pair Corr
0.71	VINIX	Vanguard Institutional	Pair Corr
0.84	HFACX	Henderson Strategic	Pair Corr
0.88	STIAX	Federated Strategic	Pair Corr
0.85	IMLAX	Transamerica Asset	Pair Corr
0.94	RNCCX	American Funds Income	Pair Corr

Moving against Federated Mutual Fund

0.91	PIGDX	Pnc International Growth	Pair Corr
0.62	AMRMX	American Mutual	Pair Corr

Related Correlations Analysis

	XWDIX	DBELX	REMVX	AMTOX	SPMIX	LOTCX
XWDIX		-0.6	-0.46	-0.51	-0.76	-0.49	XWDIX
DBELX	-0.6		0.93	0.94	0.8	0.92	DBELX
REMVX	-0.46	0.93		0.96	0.73	0.96	REMVX
AMTOX	-0.51	0.94	0.96		0.81	0.97	AMTOX
SPMIX	-0.76	0.8	0.73	0.81		0.8	SPMIX
LOTCX	-0.49	0.92	0.96	0.97	0.8		LOTCX
	XWDIX	DBELX	REMVX	AMTOX	SPMIX	LOTCX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LOTCX	+ 0.97	AMTOX
AMTOX	+ 0.96	REMVX
LOTCX	+ 0.96	REMVX
AMTOX	+ 0.94	DBELX
REMVX	+ 0.93	DBELX
LOTCX	+ 0.92	DBELX

High negative correlations

SPMIX	- 0.76	XWDIX
DBELX	- 0.6	XWDIX
AMTOX	- 0.51	XWDIX
LOTCX	- 0.49	XWDIX
REMVX	- 0.46	XWDIX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Equity Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Federated Equity's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XWDIX	0.16	(0.04)	0.00	(3.55)	0.00	0.00	0.21	(0.34)	1.36
DBELX	0.21	0.06	0.04	(3.54)	0.11	(0.26)	0.43	(0.42)	0.92
REMVX	0.58	0.20	0.24	2.59	0.29	(0.77)	1.47	(0.84)	2.81
AMTOX	0.56	0.07	0.06	0.19	0.71	(0.58)	1.04	(1.12)	3.84
SPMIX	0.79	0.11	0.13	0.15	0.65	(0.92)	1.81	(1.36)	6.89
LOTCX	0.64	0.04	0.03	0.11	0.72	(0.67)	1.39	(1.15)	3.29

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